Non-major's origination figures pump up fivefold in three years

by Mackenzie McCarty02 Sep 2013

Macquarie Group has swelled its origination volumes by more than fivefold since July 2010, according to statements made at an investor presentation - just in time for the launch of its first mortgage-backed bond issue this year.

The non-major lender’s $500m residential mortgage-backed securities issue, from its ‘PUMA’ securitisation programme comes amidst a heavy influx of home loan-backed bond offers. Macquarie has reportedly grown its origination volumes less than $100m mortgages settled per month in July, 2010, to more than $500m in May, June and July this year.

However, according to the Australian Financial Review, the non-major lender’s share of the mortgage market (1.1%) remains a mere fraction of the major banks’, which currently control around 83% of all home loans.

Macquarie closed its PUMA mortgage-backed bond programme during the GFC, but reopened it in 2010, entering into partnerships with several other financial groups, including Mortgage Choice, Yellow Brick Road and Homeloans Ltd.